Management of Portfolios (MoP®) Official Exam
Management of Portfolios (MoP®) Foundation Official Exam
Overview on (MoP®)
The Management of Portfolios (MoP®) guidance provides advice and examples of how to apply principles, practices, and techniques that help optimize an organization's investment in change alongside its Business As Usual (BAU) work.
MoP Qualifications are offered at two levels: Foundation and Practitioner. This guidance provides:
- An overview of portfolio management - what it is , the case for doing it, how it fits with other related related organizational activities, how to get started and sustain progress.
- Descriptions of the principles and practices upon which successful approaches to portfolio management are built.
- Examples of portfolio management that illustrate how principles and practices can be adapted to suit local circumstances.
This qualification is aimed at those involved in a range of formal and informal portfolio management roles encompassing investment decision making, project and programme delivery, and benefits realization. It is relevant to all those involved in the selection and delivery of business change initiatives including: members of Management Boards and Directors of Change; Senior Responsible Owners (SROs); portfolio, programme, project,business change and benefits managers; and business case writers and project appraisers.
Course Contents - (MoP®)
Module 1 Overview
- The definitions of portfolio and portfolio management
- The portfolio management model and the relationship between the principles, cycles, practices and relevant techniques
- The differences between portfolios and portfolio management on the one hand, and projects/project management and programmes/programme management on the other
- The local circumstances that will affect how the MoP principles and practices will be adapted and how cost effective approaches can be adopted
- The objectives and benefits of portfolio management
Module 2 Implement, sustain and measure
- The three broad approaches to implementing portfolio management; when each approach to implementation is most relevant, the advantages of planned approaches to implementation
- The benefits of assessing the impact of portfolio management
- Seven steps (and their benefits) in a staged implementation of portfolio management
- The factors to consider in sustaining progress
- Approaches to assessing portfolio management maturity
Module 3 Strategic and organizational context
The 6 key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives
Identify how portfolio management can:
- Coordinate with Business As Usual, strategic planning, resource allocation and budgeting, project and programme management, performance management to deliver strategic objectives
- Support effective corporate governance
Module 4 Portfolio management principles
The 5 principles upon which effective portfolio management is based
- Senior management commitment
- Governance alignment
- Strategy alignment
- Portfolio office
- Energised change culture
Module 5 Portfolio definition cycle
The portfolio definition practices:
Understand the terms and concepts relating to the portfolio definition cycle.
The techniques of:
- Three point estimating and reference class forecasting
- Driver-based strategic contribution analysis
- Multi-criteria analysis
- Decision conferencing
- Clear line of sight
What is involved and the keys to success.
Module 6 Portfolio delivery cycle
The portfolio delivery practices:
- Management control
- Benefits management
- Financial management
- Risk management
- Stakeholder engagement
- Organizational governance
- Resource management
The techniques of:
- Management by exception
- One version of the truth
- Staged release of funding
- Clear line of sight reporting
- Champion-challenger model
What is involved, the main elements, and keys to success.
Module 7 Role descriptions
- The purposes and responsibilities of the main portfolio management roles identified in MoP
- The purposes of the main portfolio management documentation
Module 8 Portfolio - level documentation
MoP® Certifications - Portfolio Management
- Multiple choice examination questions
- 50 questions per paper
- 25 marks required to pass (out of 50 available) - 50%
- 40 minutes' duration
- Closed book.
- Objective testing format
- Four questions per paper with 20 marks available per question - all question items will be worth one mark, making the total number of marks available per paper 80
- Three hours allowed Open book exam (MoP guide only)
- 40 marks required (out of 80 available) to pass - 50%.